This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $90,450 initial cash invested.
-1.94%
Cash On Cash
6.16%
Cap Rate
0.98
DSCR
$2,913
Rent
-$146
Cashflow
Cash Flow
$2,913 income − $3,059 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,913
Total Expenses
$3,059
Mortgage P&I
62%
$1,801
Property Taxes
5%
$146
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$320